Barbeques Galore (BBQZY) Message Board

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Non-Tech : Barbeques Galore (BBQZY)

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To: Curbstone who wrote (30)	1/6/1999 9:54:00 PM
From: Jim Mac	Read Replies (1) of 34

Thanks Mike! I learned about BBQZY at the Yahoo! PSTA board. Checked out press releases and website and chart stuff, and could only conclude the low valuation is for these reasons (in no particular order): 1) Almost no more cash left (but finishing big Aussie season, heading into big U.S. season); 2) Exposure to Asian economy via Australia; 3) Currency exchange risks; 4) Low margin ops, and not generating too much cash from ops yet; 5) Small float and market cap keeping away major investors; 6) Just plain undiscovered! These are my favorite investments, but I've learned how important it is to be skeptical and very cautious. What initially looks like treasure can easily turn into trash. But with a book value above $5, healthy and growing sales, and a recent pullback from $8, after a long slide from $10, I'm willing to bet the earnings will drive BBQZY up to at least 10 times earnings within a year. I'm not a trader, though. I like to scoop the bargains in the early innings, and hold on until the game's almost over. Best of luck with your BBQZY.

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